Bitcoin Price Volatility and Delistings Shake Crypto Market

Bitcoin's rapid gains paused as traders took profits on a week-long rally driven by hopes of a spot exchange-traded fund (ETF) approval in the U.S. Major tokens showed mixed movement, with Cardano slipping 2% and Solana adding 3%. The CoinDesk Market Index (CMI) rose slightly, indicating overall market gains. Traders believe signs of institutional adoption may signal the end of the "crypto winter." BlackRock's actions, including a DTCC listing and tickerization, fueled anticipation for a spot bitcoin ETF, but some believe the SEC will wait to approve multiple managers simultaneously.